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Gildan Activewear Inc. Class A Stock To Go Ex-dividend Tomorrow (GIL)

The ex-dividend date for Gildan Activewear Inc. Class A (NYSE:GIL) is tomorrow, May 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $25.27 as of 9:30 a.m., the dividend yield is 1.2%.

NEW YORK ( TheStreet) -- The ex-dividend date for Gildan Activewear Inc. Class A (NYSE: GIL) is tomorrow, May 15, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $25.27 as of 9:30 a.m. ET, the dividend yield is 1.2%.

The average volume for Gildan Activewear Inc. Class A has been 796,500 shares per day over the past 30 days. Gildan Activewear Inc. Class A has a market cap of $3.11 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 36.1% year to date as of the close of trading on Friday.

Gildan Activewear Inc. engages in the manufacture and sale of apparel products primarily in the United States, Canada, and Europe. It sells T-shirts, fleece, and sport shirts to wholesale distributors under the Gildan brand name. The company has a P/E ratio of 25.4, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Gildan Activewear Inc. Class A as a buy. Among the primary strengths of the company is its robust revenue growth -- not just in the most recent periods but in previous quarters as well. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Gildan Activewear Inc. Class A Ratings Report.

The troubled retailer, which plans to sell its intellectual property to Gildan Activewear, emerged from a previous bankruptcy only in February and pushed its U.K. business into administration last week.